How to Buy OmiseGo

OmiseGo (OMG) is a proof-of-stake blockchain or platform. Its goal is to decentralize the exchange of digital assets to create a financial system that is open to the public. The aim of OMG is to serve as an answer to the issues of coordination that exist between processors, institutions, and gateways.

OmiseGo is based on the Ethereum (ETH) platform. OMGs mission is to become the leading P2P cryptocurrency exchange platform. So lets dig through it and lets learn how to buy omisego!

What is OmiseGo?

OmiseGo claims to be the solution to the coordination issues that exist between payment processors, financial institutions, and gateways. The object of OMG isn’t necessarily to serve as a cryptocurrency, but instead, to provide its users with an option that’s different than online exchanges.

The primary issue with the exchanges that currently exist is that you need to use a fiat currency (US dollars, Euros, etc) to purchase cryptocurrencies, such as bitcoin (BTC) and ETH. When it comes to changing cryptocurrencies, the exchange options are limited.

OMGs parent company is Thailand-based Omise. Essentially, the payment system turns Ethereum coins into a bank account. OmiseGo is supported by the co-founders of Ethereum. The Thai Ministry of Finance and the Bank of Thailand also endorse OMG.

The goal of OmiseGo is to serve as a supplement for its exiting payment network.

Where to Buy OmiseGo

Since OmiseGo is ETH-based, it can be purchased through online exchanges that offer Ethereum. Currently, there are more than 30 online exchanges where OmiseGo can be purchased, including:

How to Buy OmiseGO

In order to purchase OMG tokens, you first need to purchase ETH. Once you purchase ETH, you can then exchange it for OMG. For this example, we will explain how to purchase ETH on Coinbase, one of the most popular cryptocurrency exchanges.

Use the link here or click the image above to get $10 in Bitcoin when you purchase or sell your first $100.

Exchanges you shouldnt miss when you want to trade crypto

Why Buy OmiseGo?

OMG is based on the ETH network, which utilizes decentralized blockchain technology. It offers lighting fast speed, high levels of security, and excellent solutions to the common communication problems that exist in the financial industry.

OMG allows for true peer-to-peer transactions. It also permits the use of decentralized apps, as well as smart contracts. It’s predicted that the value of OMG tokens will increase, so it promises to offer a good return on investment.

How to Sell OmiseGo

OmiseGo can be sold for other forms of Cryptocurrency. To sell OMG, follow these steps:

Open an altcoin exchange account

Fund your account with OmiseGo tokens

Sell your OMG tokens for another form of cryptocurrency, such as ETH or BTC

Sell your newly purchased cryptocurrency for fiat currency, such as US dollars or Euros